Chen Yu signed share transfer agreement to acquire 4.82% stake in Qibu Co.,Ltd. (SHSE:603557) from Bang’ao Limited for approximately CNY 200 million on July 29, 2020. Chen Yu will acquire 23.6 million shares at an offer per share of CNY 8.5. Chen Yu completed the acquisition of 4.82% stake in Qibu Co.,Ltd. (SHSE:603557) from Bang’ao Limited on November 3, 2020.